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Bankruptcy, Reorganization and Insolvency

All lawyers at Pearce, Dow & Burns practice regularly before the Bankruptcy Court. We represent secured and unsecured creditors, creditors’ committees, trustees and debtors under all chapters of the Bankruptcy Code in every bankruptcy context. We defend preference, fraudulent conveyance and other avoidance actions. We represent buyers of assets in Section 363 asset sales and lenders financing those sales ensuring that the assets are acquired free and clear of all liens, encumbrances and interests.

Whether you are an individual or one of the largest banks or corporations in America, we will take full advantage of our decades of bankruptcy experience to represent you zealously and in a most cost-effective manner.

Our insolvency and debtor-creditor practice extends well beyond bankruptcy work. We regularly represent borrowers and creditors in workouts, complex restructurings and foreclosures. We also represent all parties in receivership proceedings in both state and federal courts.

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Our Office
  • Portland Office
    Two Monument Square
    Suite 901, P.O. BOX 108
    Portland, Maine 04112
    Phone: 207-822-9900
    Fax: 207-822-9901
Recent Representation
  • "Representation of secured lender in Chapter 11 case involving corporate debtor that owned home heating oil business and gas stations/convenience stores. Client was paid all principal, interest and attorneys fees."

  • "Representation of developer that purchased large distressed condominium project from Federal Court receiver. Resolved numerous environmental, title, zoning, construction, permitting and other operational matters. The project is now doing well in a bad economy."

Client Testimonials
  • "My relationship, and the Bank's relationship with Mike Pearce and the firm of Pearce & Dow spans over 20 years. Mike is a tireless advocate, a teacher, an informal counselor to our employees and an outstanding attorney. Pearce & Dow has ably represented TD Bank and its predecessors in loan originations of every kind for many years. The firm is also a highly regarded workout and Chapter 11 firm that continues to generate results for TD Bank. The lawyers at Pearce & Dow are always professional, honorable, knowledgeable and thorough in dealings both with us and our customers and clients. I recommend Pearce & Dow to any lender or other client without reservation."  --Lawrence A. Wold, President, Maine, TD Bank, N.A.

  • "Mike Pearce has been our attorney since 1981. He guided us through several incorporations, golf course real estate developments, financing, debtor/creditor issues, course construction contracts and permitting. Mike worked with our engineers on course construction permits which required review by nineteen boards and agencies. He is familiar with all things golf. From the height of cut of greens to food and beverage including fine dining. He is a consummate professional exhibiting a depth of knowledge and most importantly honor (integrity). "  -Sincerely, Mike Farina